Businesses with Apple and Cisco products may now pay less for cybersecurity insurance

Apple and Cisco announced this morning a new deal with insurer Allianz that will allow businesses with their technology products to receive better terms on their cyber insurance coverage, including lower deductibles – or even no deductibles, in some cases. Allianz said it made the decision to offer these better terms after evaluating the technical foundation of Apple and Cisco’s products, like Cisco’s Ransomware Defense and Apple’s iPhone, iPad and Mac.

Allianz found Apple and Cisco’s products offered businesses a “superior level of security,” Apple said in its own announcement about the new deal.

In particular, Cisco’s Ransomware Defense includes advanced email security, endpoint protection, and malicious internet site blocking which can protect an organization against malware, ransomware and other cyber threats.